James Kirby
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Podcast Appearances
Now you can go online and find out what it's sold for.
You can have a look.
You can see how much it rents for.
So the data is ubiquitous, as you say.
Can you give us an example, an outstanding example of...
property bias, the bias issues in the property market for the individual investor?
What do you mean when you say anchoring?
I mean, I'm guessing it means being stuck to some notion or idea.
Is that it?
Yes, I see.
Is this why agents...
often don't give a price on a property?
They like not to give a price?
So you're saying, no, I cannot sell this for less than I bought it for.
I cannot.
I'm anchored to this.
And you're saying that's a bias and it holds you back.
OK, that's anchoring.
I mentioned at the start the one that was obvious to me.
That's the only reason I mentioned it, that home bias, which is common, of course, in the share market, the home bias towards the ASX.